Bankniftyview
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/08/2024)Today will be gap up opening in banknifty. Expected opening near 50500 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 49950 level. Any upside rally only expected if banknifty sustain and starts trading above 50550 level.
51300 OR 55300??!!For bank Nifty, this seems to be a much needed pit stop. Immediate target seems to be ATH and then 55300. If it breaks the base that has been created after the last high, 51300 could act as a strong support. Does not seem like a sign of weakness. Next round could be lead by PSU banks, close to the Budget.
Banknifty_Intraday (11-0Jul-2024)The image displays a 30-minute intraday chart for the Bank Nifty index. Here are the key details:
Date: The data is for July 11, 2024.
Index Levels: The Bank Nifty index is shown at a closing price of 52,217.30, up by 42.90 points.
Technical Analysis Features:
EMA: The chart includes a 20-period Exponential Moving Average (EMA) shown at 52,266.22.
Fibonacci Retracement Levels: Notable Fibonacci retracement levels from recent peaks and troughs are marked, with specific levels labeled such as 0.751, 0.799, 0.94, and 1.003.
Trading Signals:
-Buy Signal: A green arrow suggests buying above 52,350 with a target of 53,700+.
-Sell Signal: A red arrow indicates selling below 52,000 with a target of 52,000 or lower.
banknifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as:
Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points.
Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59.
Trading Recommendations:
-Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550.
-Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
Banknifty Intraday (09-Jul-2024)Description: Join us for intraday trading analysis on BANKNIFTY. We've marked significant buy and sell targets based on the latest price movements and EMA trends.
Buy Signal: If BANKNIFTY breaks above 52,700, consider going long with a target of 53,200+. This is indicated by the potential support break and bullish momentum.
Sell Signal: Alternatively, a move below 52,275 could signal a selling opportunity, aiming for a target just below 52,000.
Chart Details:
-Time Frame: 15 minutes
-Indicator: 20-period Exponential Moving Average (EMA)
Trading Strategy:
The strategy revolves around the key psychological levels marked on the chart. We recommend setting tight stop-loss orders to manage risk effectively.
Disclaimer: Trading involves risk and is not suitable for all investors. Please perform your own due diligence before making any trading decisions.
Banknifty Intraday (08-Jul-2024)The chart you provided is a 15-minute intraday chart for Bank Nifty with trading levels and strategies for July 8th. Here’s a breakdown of the key points on the chart:
Buy Signal:
-Buy above 52800
-Target: 53200+
Indicated by a green arrow pointing upwards.
Sell Signal:
-Sell below 52400
-Target: 52000-
-Indicated by a red arrow pointing downwards.
Resistance Levels:
-Around 53,213.55
-Around 53,100.00
Support Levels:
-Around 52,587.14 (EMA 20 close)
-Around 52,810.25
-Around 52,395.60
-Around 52,015.85
Current Price:
Bank Nifty is at 52,633.15, showing a slight decrease (-0.10%).
Banknifty Intraday (05-Jul-2024)-Date and Time: The chart covers intraday trading for July 3 and July 4, 2024.
-Price Data: It displays open, high, low, and close prices for each 15-minute interval.
-Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps to determine the trend direction over these periods.
Trading Instructions:
-Buy Signal: An instruction to buy above 53,250 with a target of 53,600 or more.
-Sell Signal: An instruction to sell below 52,800 with a target of 52,400.
The annotations and arrows help to visually guide a trader on potential entry points for buying or selling based on the specified price levels.
Banknifty Intraday (04-Jul-2024)Chart for the Nifty Bank Index on a 15-minute timeframe for July 4th includes the following key changes and details:
-Buy Above 53250 with a target of 53600+.
-Sell Below 52800 with a target of 52400-.
-Current price remains around 53042.15.
Key support and resistance levels:
-Resistance around 53213.55.
-Support around 52810.25 and 52395.60.
The 20-period Exponential Moving Average (EMA) is displayed at 53020.90.
This chart provides updated trading levels for entering buy or sell positions, adjusting the targets based on the latest price movements and technical analysis.
Banknifty Intraday (02-Jul-2024)An intraday trading chart for the Bank Nifty Index dated July 2nd, captured in 15-minute intervals. Here are the specific elements depicted in the chart:
Candlestick Format: The chart uses candlestick bars to display price movements within each 15-minute period, indicating the open, high, low, and close prices.
Exponential Moving Average (EMA): There is a blue line representing the 20-period EMA, which helps in identifying the trend's direction and acts as a dynamic level of support and resistance.
Trading Signals:
-Buy Signal: Marked by a green arrow, it suggests buying if the Bank Nifty exceeds 52,700, with a potential target of 53,000 or higher.
-Sell Signal: Indicated by a red arrow, recommending selling if the index falls below 52,400, aiming for a target of around 52,100.
Technical Analysis Overview: The chart details the intraday price action of the Bank Nifty index, illustrating a momentary downward trend followed by a recovery that aligns with the 20-period EMA. Trading suggestions are based on breaks from significant price levels denoted by the dashed lines, likely serving as psychological barriers or pivot points.
Banknifty Intraday (01-7-2024)Date and Time: The chart is labeled "01-Jul (Intraday)" for intraday trading on July 1, 2024.
Candlestick Bars: Each bar represents a 15-minute trading interval showing the open, high, low, and close prices.
Technical Indicators:
-Exponential Moving Average (EMA): A blue line shows the 20-period EMA used to determine the trend's direction. It acts as dynamic support and resistance.
Annotations:
-A green arrow indicating a buy signal if the price moves above 52,500, with a target (Tgt) of 52,750 or higher.
-A red arrow indicating a sell signal if the price falls below 52,150, with a target of 51,800 or lower.
-Support and Resistance Levels: Dashed lines indicate significant levels, likely acting as psychological barriers or points where significant buying or selling has occurred.
This setup is typical for traders who use technical analysis to predict short-term price movements based on historical price patterns and trading volumes.
BankNifty Levels For 01/07/24According to the research i've done, market is most likely to open upside and go up as market has the support of supertrend along with RSI under 20, but in other situations If it comes downside It will have to suffer through a great support of level 51950 - 52000, if it breaks down this support it can go further downside. The other scenario can be that the market touches 53200 and comes back downisde, with the highest chances of happening, in the last scenario it can break through 53200 and go further upside till 53500 or even 54000. Hope It Helps :)
1 JULY 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSGood Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 52000 if sustain above 52000 focus for reversal
After A gap down opening if Banknifty sustains Above 52000 and takes Support from 52000 then open target for T1-52200, T2-52300,T3-52500
If the Banknifty gap down opening sustains Below 51900 and takes resistance below 51900 then the open Targets for T1-51800, T2-51700,T3-51500
Major Levels 52200,51900,52400
If the market stands in this area of 52000 to 51900 then it is possible that even today the market will remain in the range.
Banknifty Intraday (27-Jun)Bank Nifty 15-Minute Intraday Chart for 27 June
Key Levels:
Buy Above 53,000:
Target: 53,250+
Indicates a bullish signal if the price breaks above 53,000.
Sell Below 52,400:
Target: 52,000-
Indicates a bearish signal if the price drops below 52,400.
Observations:
The chart includes a 20-period Exponential Moving Average (EMA), marked at 52,793.70.
Current price: 52,694.50 (as of the chart time).
Resistance Level: 52,964.80.
Support Levels: 52,395.60 and 52,014.25.
A "No Trade Zone" is marked in the chart, indicating a range where trading is not recommended.
Trading Strategy:
Buy Strategy:
-Enter a long position if the price breaks above 53,000.
-Target a move to at least 53,250 or higher.
Sell Strategy:
-Enter a short position if the price drops below 52,400.
-Target a move to at least 52,000 or lower.
This concise overview can help traders quickly understand the important levels and potential trade opportunities for Bank Nifty on 27 June.
If you need any further details or adjustments, please let me know!
Banknifty Intraday (26-06-2024)Price Levels: The Bank Nifty is trading at 52,630.15, with the high and low for the session being 52,746.50 and 52,599.25, respectively.
Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 52,387.34.
Support and Resistance Levels: The chart displays several horizontal lines indicating key levels:
52,671.65
52,500.75
52,028.45
Trading Signals:
Buy Signal: "Buy Above 52,800; Target 53,250+" indicated by a green arrow pointing upward.
Sell Signal: "Sell Below 52,450; Target 52,000-" indicated by a red arrow pointing downward.
No Trade Zone: A highlighted area labeled "No Trade Zone" between the levels of 52,500.75 and 52,671.65 suggests that no trades should be taken within this range.
The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Bank Nifty's price movements.